Aadhar Card

Aadhaar card has your photo ID, address and all other identifications. It will be more or less like they have the social security number in the US. So, Now In India Aadhar Card is mandatory to mandatory for all citizens..Because it gives you an official identification as an Indian citizen. This Card would benefit the poor and now into a card mandatory for receiving all/any benefits from the government.

What is Aadhaar Card?

Aadhaar is a 12-digit unique identification number can be used by every individual resident of India based on their Biometric and demographic data. The data are collected by UDAI,it stands Unique Identification Authority , initially set up by the Government of India in January 2009, as an attached office under the aegis of the Planning Commission via a notice in the Gazette of India. Aadhar Card is implemented On 23 June, Nandan Nilekani the co-founder of Infosys, was appointed by the then-government, UPA, to head the project. He was given the newly created position of Chairman of the UIDAI, which was equivalent in rank to a Cabinet minister.Aadhaar card has many important details of a person like the fingerprints, Iris details, and also they have to submit a valid proof of their biometric details such as date of birth and address.

The major intention is to provide the Aadhaar card is:

Gets you a freedom of presenting it anywhere required without getting worried about what state you are in (geographically).

Helps in keeping a count of the population

Helps in reducing crime. Yes, it is supposed to curb the fraud cases.

Where you need still Aadhaar as per UIDAI?

Many of the places you need to use the Aadhaar number those are:

Mobile phone connections

Opening the Bank account

Income Tax Return

Ration Card

EPF Account

Passport verification

Cooking gas connections

Here are the Some benefits that come with Aadhar card:

Direct Benefits Transfer (DBTL) – In the earlier 2011 ,UPA Government necessary to link Aadhar number to the bank account to transfer of subsidy amount directly to the bank account but it is failed.As Modi –led government during the same process to credit the subsidy money to bank account .However, if an individual does not require a subsidy, then he/she can opt out of the scheme.

Income Tax: You can Simply verify your income tax field returns by making use of Aadhar One time password (OTP) verification by using the simple steps in online. It helps you cut down on the documentation needs. This mode is more cost-effective and more efficient

Scholarships - Students entitled to receive a scholarship from the government will get the amount credited to the Aadhaar enabled bank account.

Get pension money on time: - The Aadhaar card is very useful to the senior citizens pension amount. Find out the older people documentation is a time-consuming process. So, the government has made it necessary for Pensioners to register their Aadhaar Card number with the respective department to receive pension payments.. This will ensure timely gives the pension amount to the people.

Payment of Provident Fund: The government has additionally created it necessary for workers to link their Aadhaar number with the EPFO (Employee Provident Fund Organization) for claiming the returns.

Now, as you got a knowledge of what exactly is Aadhaar and how it helps you, now will you understanding that having an Aadhaar can make your financial life a lot easier.